- Employment Industry News
Asian oil companies make record buys in 2012
ndia’s ONGC made headlines in November when it paid $5 billion for ConocoPhillip’s (COP, Fortune 500) share in Kazakhstan’s Kashagan oil field, currently the most expensive energy project in the world. Asian firms were active in the United States too, with Sinopec paying $2.2 billion and Japan’s Sumitomo paying $1.4 billion to develop shale plays with Devon Energy (DVN, Fortune 500). “Energy demand in Asia is expected to grow significantly,” said Brian Lidsky, a managing director at PLS “These firms are searching the world to secure those supplies.”
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Asian oil companies make record buys in 2012
Read the full article here:
Asian oil companies make record buys in 2012
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article ID: 900008205 http://www.employmentcrossing.com/article/900008205/Asian-oil-companies-make-record-buys-in-2012/  article title: Asian oil companies make record buys in 2012
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